Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement as of April 25, 2024, March 31, 2024, and December 31, 2023:

	As of April 25, 2024		As of March 31, 2024		As of December 31, 2023
	(in thousands)
Revolving credit facility (1)	$	—	$	—	$	—
Letters of credit (2)	2,500		2,500		2,500
Available borrowing capacity	1,247,500		1,247,500		1,247,500
Total aggregate lender commitment amount	$	1,250,000	$	1,250,000	$	1,250,000

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(1)    Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $7.9 million and $8.5 million as of March 31, 2024, and December 31, 2023, respectively. These costs are being amortized over the term of the revolving credit facility on a straight-line basis.

(2)    Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.

Schedule of Long-term Debt Instruments

The Company’s Senior Notes, net line item on the accompanying balance sheets as of March 31, 2024, and December 31, 2023, consisted of the following (collectively referred to as “Senior Notes”):

	As of March 31, 2024						As of December 31, 2023
	Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net		Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net
	(in thousands)
5.625% Senior Notes due 2025	$	349,118	$	738	$	348,380	$	349,118	$	896	$	348,222
6.75% Senior Notes due 2026	419,235		1,693		417,542		419,235		1,868		417,367
6.625% Senior Notes due 2027	416,791		2,201		414,590		416,791		2,395		414,396
6.5% Senior Notes due 2028	400,000		4,397		395,603		400,000		4,651		395,349
Total	$	1,585,144	$	9,029	$	1,576,115	$	1,585,144	$	9,810	$	1,575,334